How Often Renew Business License – Registered enterprises in the Philippines must renew their local business license between January 1 and 20 every year with the Local Government Unit (LGU) where their official business address is located.
As an entrepreneur, it is important to be aware of the dates and requirements needed when renewing your business license. Failure to renew your business license can result in heavy fines or worse, closure and seizure of your company’s property and assets.
How Often Renew Business License
Obtain a Barangay Permit from the barangay hall where your business is located. To obtain a Barangay Permit, you must present the following requirements:
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Once you have completed your application, pay attention to the date indicated on the official receipt as it dictates when you can return to request your permit.
The next step in your permit renewal process is to obtain a Mayor’s Permit. The process for this permit can take 1-3 weeks. The required requirements are:
You must submit your application for evaluation at the Business Permits and Licensing Office of the City or City Hall where your company is located. Once approved, pay the necessary fees to obtain a copy at the City Treasurer’s Office, which will provide a date by which you can request your Mayor’s approval.
You must submit your new Barangay and Mayor permit, together with BIR Payment Form 0605 , at the designated BIR Revenue District Office (RDO) of your business. Once approved, pay the annual fee of ₱500 at the bank accredited by your RDO.
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With years of experience in assisting clients with business license renewal, InCorp Philippines offers end-to-end business license renewal services to help local and foreign companies avoid unwanted penalties be avoided due to missed deadlines.
InCorp Philippines (formerly Kittelson and Carpo Consulting) provides consulting and assistance to local and foreign companies starting and doing business in the Philippines. Our main areas of expertise are incorporation, business registration, fda, immigration/visa, payroll, human resources, and recruiting.
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New Registration or Renewal of an Existing One: You can register or renew a business name (previously a Principal Business Licence) in the form of a Sole Proprietorship, Trading Name or General Partnership. When the registration is complete, you will receive the final documents called “registration statement”. The document will show the business name, business address, business owner name, address and business activity. Registration will provide a Business Identification Number, which is a 9 digit number specifically for your registration with the Province of Ontario; at the bottom corner of the registration an end date will be recorded (see example). This date gives you the 5 year expiry date for your registration. It is important to note this date because when it comes around, you will be required and responsible to renew the registration or let it expire.
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Sole proprietorship (sole proprietorship): A person wants to enjoy certain benefits by operating his business in a designated business name instead of his/her personal name. These benefits include opening a bank account, developing a brand, or obtaining a municipal license and more. In this case, the legal entity type would be “sole proprietorship” in the registration statement. The person must have an Ontario address and be over 18 years of age.
Owned by One Corporation (Trade Name): A corporation may also register a master business license to operate its entire business or a specific division under a different operating name than its legal name. These operating names are also commonly referred to as a Trading Name or Doing Business As (DBA), or a fictitious name, or a so-called name. Generally, a corporation with a number (ex. 654321 Ontario Inc.) registers operating names to have brand value or publish on a business card or advertise publicly or obtain a municipal permit. Another common reason for a corporation to register for a Principal Business Licence is to operate its separate division under a separate business name or to have a separate bank account for accounting purposes. The registration statement will show the legal entity type as “Corporation”. The company must have an Ontario address and must be registered in Ontario. A federal corporation or a non-Ontario provincial corporation may register a Principal Business License as long as the corporation is registered outside the province in Ontario.
Owned by two or more people or corporations (General Partnership): When two or more people want to establish an unincorporated business in Ontario, they can register a Principal Business License as a type of General Partnership. Alternatively, two or more corporations (or individuals and corporations as partners) can register a Principal Business License in the form of a General Partnership. All individual participants must have an address in Ontario and be over 18 years of age. The corporations must provide an address in Ontario and be registered in Ontario. Anyone who undertakes any endeavor for profit or gain must obtain a business license. This includes non-profit organizations and seasonal operations. Temporary fundraising activities, registered charitable organizations, property management with 3 or fewer rental units, and garage sales are exempt from requiring a business license. Please follow the link below for more information:
To apply for a new Business Permit, or change an existing permit or renew a business permit in person, visit the Land and Building Services office located in the Calcite Business Center at Unit #6 – 151 Industrial Road.
Common Business Licenses And Permits For Your Small Business
Business license renewal payments can also be mailed to City of , 2121 – 2nd Avenue, , YT Y1A 1C2.
To pay your Business License renewal fee online, simply enter the Business License number, the total payment due, and your email address in the form to below, fill in the captcha and then click on the “Proceed to Payment” button. A new page will open for the City’s payment provider, Moneris, for safe and secure transactions.
Please note, this service is only available if there is no change and the license has not expired.
We can process Visa and MasterCard transactions. A receipt will be emailed to you once the transaction has been approved.
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We are available Monday through Friday (except holidays), 8:30 a.m. to 4:30 p.m. if you have any problem.
If you answered ‘Yes’ to any of the above questions, do not proceed with the online payment. Please contact us directly (contact details below).
